3 Bed Terraced House, Refurb/BRRR, Wallington, SM6 8NW, £550,000

Godalming Avenue, Wallington, Surrey, SM6 8NW - 1 views - a year ago

Refurb/BRRR
ROI: 2%
~93 m²
+5 photos

ValuationOvervalued

Sold Prices£355K - £765K
Sold Prices/m²£3.5K/m² - £8.3K/m²

 

 

Square Metres

~93 m²
Price/m²£5.9K/m²

Value Estimate

£475,814

 

 

End Value (After Refurb)

£510,000

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£137,500

Stamp Duty & Legal Fees

£43,700

Refurb Costs

£49,200

Bridging Loan Interest

£14,438

Total Cash In

£246,588

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£510,000

Mortgage (After Refinance)

£382,500

Mortgage LTV

75%

Cash Left In

£246,588

Equity

£127,500

Rent Range

£1,750 - £4,250

Rent Estimate

£2,419

Running Costs/mo

£2,098

Cashflow/mo

£321

Cashflow/yr

£3,857

ROI

2%

Gross Yield

5%

Local Sold Prices

50 sold prices from £355K to £765K, average is £493.8K. £3.5K/m² to £8.3K/m², average is £5.3K/m².

PriceDateDistanceAddressBeds 
£520K08/230.07 mi23, Guildford Way, Wallington, Greater London SM6 8NS3
£500K01/230.09 mi30, Godalming Avenue, Wallington, Greater London SM6 8NW3
£450K12/220.09 mi20, Guildford Way, Wallington, Greater London SM6 8NS3
£490K06/210.11 mi8, East Avenue, Wallington, Greater London SM6 8PL3
£428K01/210.13 mi23, West Avenue, Wallington, Greater London SM6 8PH3
£490K11/220.14 mi5, Banstead Way, Wallington, Greater London SM6 8NZ3
£440K02/210.15 mi23, Gomshall Avenue, Wallington, Greater London SM6 8NY3
£475K03/210.16 mi21, Headley Avenue, Wallington, Greater London SM6 8NQ3
£442K11/200.16 mi10, Headley Avenue, Wallington, Greater London SM6 8NQ3
£510K07/230.16 mi17, Headley Avenue, Wallington, Greater London SM6 8NQ3
£420K05/210.16 mi4, Godalming Avenue, Wallington, Greater London SM6 8NH3
£550K02/230.16 mi4, Headley Avenue, Wallington, Greater London SM6 8NQ3
£575K01/230.17 mi16, Gomshall Avenue, Wallington, Greater London SM6 8NY3
£382K06/210.17 mi5, Gomshall Avenue, Wallington, Greater London SM6 8NY3
£455K02/210.17 mi2, Gomshall Avenue, Wallington, Greater London SM6 8NY3
£585K06/210.18 mi17, Claydon Drive, Croydon, Greater London CR0 4QX3
£550K06/210.19 mi7, Garden Close, Wallington, Greater London SM6 8LW3
£550K01/210.19 mi19, Garden Close, Wallington, Greater London SM6 8LW3
£525K12/200.19 mi16, Garden Close, Wallington, Greater London SM6 8LW3
£379.9K12/200.2 mi25, Merebank Lane, Croydon, Greater London CR0 4NP3
£436K11/200.2 mi7, Merebank Lane, Croydon, Greater London CR0 4NP3
£375K02/210.2 mi13, Merebank Lane, Croydon, Greater London CR0 4NP3
£532.3K07/230.21 mi10, Amberwood Close, Wallington, Greater London SM6 8QH3
£430K05/210.21 mi5, Amberwood Close, Wallington, Greater London SM6 8QH3
£555K11/200.23 mi8, Oakley Avenue, Beddington, Croydon, Greater London CR0 4QP3
£488K03/210.23 mi7, Bristow Road, Croydon, Greater London CR0 4QQ3
£420K03/210.24 mi2, Hindhead Way, Wallington, Greater London SM6 8PD3
£600K01/230.25 mi12, Oakley Avenue, Croydon, Greater London CR0 4QP3
£500K06/210.27 mi28, Collyer Avenue, Croydon, Greater London CR0 4QU3
£550K07/230.28 mi38, Cherry Hill Gardens, Croydon, Greater London CR0 4QL3
£765K12/220.3 mi5, Sandy Lane North, Wallington, Greater London SM6 8LJ3
£492.5K09/210.31 mi102, Plough Lane, Wallington, Greater London SM6 8JQ3
£355K09/210.31 mi23, Plough Lane Close, Wallington, Greater London SM6 8JN3
£585K05/230.31 mi94, Croydon Road, Beddington, Croydon, Greater London CR0 4PE3
£630K04/210.33 mi80, Croydon Road, Beddington, Croydon, Greater London CR0 4PD3
£465K03/210.34 mi66, Croydon Road, Beddington, Croydon, Greater London CR0 4PB3
£521K02/210.34 mi141, Croydon Road, Beddington, Croydon, Greater London CR0 4QJ3
£530K05/210.34 mi137, Croydon Road, Beddington, Croydon, Greater London CR0 4QJ3
£450K02/230.35 mi56, Lynwood Gardens, Croydon, Greater London CR0 4QH3
£450K12/200.36 mi43, Croydon Road, Beddington, Croydon, Greater London CR0 4QD3
£450K04/230.36 mi37, Upper Road, Wallington, Greater London SM6 8JY3
£537.5K12/200.38 mi59, Link Lane, Wallington, Greater London SM6 9DY3
£560K12/200.39 mi19, Cedars Road, Croydon, Greater London CR0 4PU3
£530K08/210.39 mi9, Lavington Road, Croydon, Greater London CR0 4PQ3
£620K03/230.4 mi10, Lavington Road, Croydon, Greater London CR0 4PP3
£500K12/200.41 mi24, Cedars Road, Croydon, Greater London CR0 4PT3
£424.5K03/210.41 mi31, Court Drive, Croydon, Greater London CR0 4QA3
£485K05/210.42 mi57, Queenswood Avenue, Wallington, Greater London SM6 8HR3
£449K12/220.43 mi222, Croydon Road, Beddington, Croydon, Greater London CR0 4PH3
£495K02/210.43 mi114, Queenswood Avenue, Wallington, Greater London SM6 8HS3

Local Rents

32 rents from £1.8K/mo to £4.3K/mo, average is £2.3K/mo.

RentDateDistanceAddressBeds 
£2,15008/240.01 miGodalming Avenue, WALLINGTON3
£2,30001/250.16 mi-3
£2,80003/250.18 mi-3
£2,25008/240.21 mi-3
£2,25008/240.21 mi-3
£4,25001/250.26 mi-3
£4,25002/250.26 mi-3
£3,90003/250.26 mi-3
£2,10004/250.28 mi-3
£1,95012/240.31 miCroydon, Surrey, CR03
£1,90012/240.31 miCroydon, Surrey, CR03
£2,10003/250.33 mi-3
£2,00003/250.35 mi-3
£2,50004/250.39 mi-3
£2,30012/240.48 mi-3
£2,59912/240.48 mi-3
£2,59912/240.48 miThe Ridgeway, Croydon, CR03
£2,15012/240.48 miBridle Path, Beddington, Croydon, CR03
£2,20008/240.51 miRoyston Avenue, WALLINGTON3
£2,25009/240.53 miTharp Road Wallington SM63
£2,25009/240.54 miTharp Road Wallington SM63
£1,95012/240.54 mi-3
£1,95012/240.54 mi-3
£2,40002/250.55 mi-3
£1,95004/250.56 mi-3
£1,75011/240.56 mi-3
£2,50012/240.56 miRichmond Road, Croydon, CR03
£2,30002/250.57 mi-3
£2,19503/250.57 mi-3
£2,49003/250.57 mi-3
£2,10012/240.57 mi-3
£2,40004/250.59 mi-3

Local Area Statistics

Population in SM6

36,166

Town centre distance

0.59 miles away

Nearest school

0.20 miles away

Nearest train station

0.48 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+30%

Sales demand

Seller's market

Capital growth (5yrs)

+19%

Property History

Listed for £550,000

May 3, 2024

Floor Plans

Description

  • Excellent end-of-terrace house +
  • Close to popular schools +
  • Garage at rear +
  • Fitted kitchen with integrated appliances +
  • Well-presented throughout, with a recent roof renovation +
  • Within easy reach of local transport links +

Situated in a popular residential road, this end-of-terrace house will be desirable to families due to the choice of schools in the area, especially with Wilson's being a short walk away. The home has been really well looked after by the current owner and is in good order throughout. Benefits include a boiler which is less than 2 years old, a recent roof renovation, damp-proofing throughout the ground floor and a log-burner which is swept annually.

Room sizes:

  • Entrance Porch
  • Entrance Hall
  • Lounge: 14'7 x 12'5 (4.45m x 3.79m)
  • Kitchen/Diner: 18'9 x 12'0 (5.72m x 3.66m)
  • Landing
  • Bedroom 1: 14'8 x 12'3 (4.47m x 3.74m)
  • Bedroom 2: 12'5 x 11'4 (3.79m x 3.46m)
  • Bedroom 3: 7'7 x 6'2 (2.31m x 1.88m)
  • Bathroom
  • Separate Toilet
  • Garage
  • Front Garden
  • Rear Garden  
    The information provided about this property does not constitute or form part of an offer or contract, nor may it be regarded as representations. All interested parties must verify accuracy and your solicitor must verify tenure/lease information, fixtures & fittings and, where the property has been extended/converted, planning/building regulation consents. All dimensions are approximate and quoted for guidance only as are floor plans which are not to scale and their accuracy cannot be confirmed. Reference to appliances and/or services does not imply that they are necessarily in working order or fit for the purpose.
     
    We are pleased to offer our customers a range of additional services to help them with moving home. None of these services are obligatory and you are free to use service providers of your choice. Current regulations require all estate agents to inform their customers of the fees they earn for recommending third party services. If you choose to use a service provider recommended by Cubitt & West, details of all referral fees can be found at the link below. If you decide to use any of our services, please be assured that this will not increase the fees you pay to our service providers, which remain as quoted directly to you.

Agent Details

Cubitt & West, Wallington

020 3870 4541

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪

Similar Properties

Like this property? Maybe you'll like these ones close by too.